Retirement income decisions: the silent generation speaks

Survey findings indicate that members of the Silent Generation--those born between 1933 and 1945, and perhaps the last ones to rely heavily on a defined benefit pension plan--feel confident that they will have enough money to live comfortably to at least the age of 85. Yet, many are at risk of outliving their retirement assets. They overestimate their Social Security payouts and the likelihood that they will work in retirement, and they underestimate their postretirement expenses, especially health care. Many lack safeguards against overspending and do not understand their longevity risk. The Silents' experiences in preparing for and living in retirement may offer some valuable lessons to be learned by the baby boomers and the generations that follow as they plan for a financially secure future.     

Gender and Student Achievement in English Schools

The widening gap between the average educational achievementof boys and girls has been the subject of much discussion. Thisgap is especially controversial for students taking nationalexams at the end of their compulsory education. However, thegender gap is also apparent at earlier and at later stages ofeducation. In this paper, we analyse changes over time in thegender achievement gap at the different stages of compulsoryeducation in English schools. We first use a combination ofdata sources to paint a picture of how gender gaps have evolvedover time and in what context they are most marked. Then weconsider possible explanations for the observed gender gaps.We look at the relevance of school inputs, teaching practice,and the examination system for explaining the gender gap. Wealso discuss the potential influence of wider social and economicchanges as reflected, for example, in the much higher educationlevels of mothers relative to those of previous generations.Analysis of this issue is important in the context of researchon the gender wage gap. However, it is also raises policy-relevantissues in relation to whether changes in the school system caneffect a change in the gender gap in educational achievement. Footnotes ¹ E-mail addresses: s.machin{at}ucl.ac.uk, s.mcnally1{at}lse.ac.uk     

Firm performance: the interactions of corporate social performance with innovation and industry differentiation

The impact of corporate social performance on firm financial performance has been examined previously with mixed results. This study examines the possibility that corporate social performance enhances financial performance by allowing the firm to differentiate, and that this effect may be moderated both by innovation, which also drives firm differentiation, and the level of differentiation in the industry. Hypotheses concerning both direct and moderating effects are developed and tested using secondary data. Our results support both innovation and the level of differentiation in the industry as moderators for a positive relationship between corporate social performance and financial performance: corporate social performance most strongly affects performance in low‐innovation firms and in industries with little differentiation. Copyright © 2008 John Wiley & Sons, Ltd.     

‘Social Mixing' or ‘Gentrification'? Contradictory Perspectives on Urban Change in the Berlin District of Neukölln

In the past two decades, the Berlin district of Neukölln has received considerable attention from politicians, planners, urban scholars and the media. This article discusses the role that the academic concepts of ‘social mixing' and ‘gentrification' play in the overlapping and partly contradictory narratives that have been employed to interpret transformations in one particular part of the district, Nord‐Neukölln. While the area is still characterized as a place of poverty and decline, it has more recently come to be known as a ‘hip place to be' among young (creative) urbanites, students and artists. Various urban players such as politicians, planners, urban sociologists, activists, interest groups and the media participate in the construction of these narratives and, in the process, adopt the concepts of social mixing and gentrification according to their respective rationales and preferences. Both concepts play a pivotal role in justifying contradictory claims and interventions. As a consequence, ‘social mixing' and ‘gentrification' are more than just analytical concepts for interpreting urban transformations; they have themselves become part of these transformations and have an impact on local developments. We conclude that urban scholarship must reflect more on its own role and positioning in the arena of urban transformation.     

New development: Turning around failing schools—lessons from Lahore

This article reviews the operation of two improvement partnerships in Pakistan, where third sector organizations adopted selected state schools. The authors reflect on the lessons arising from both schemes in the light of the Institute of Educational Sciences’ (IES) guidance on turning around schools. Although the operation of both partnership schemes is context specific, the findings should nevertheless be of interest to policy-makers in other countries. They also show how some aspects of the IES’s guidance may need to be adapted and augmented, especially in the context of developing countries.     

The Impact of Intermediate Information on Sabotage in Tournaments with Heterogeneous Contestants

Applying detailed within‐tournament information about intermediate scores and contestants' ability in rank‐order professional soccer tournaments, this study empirically analyzes the impact of interim results on the sabotage activities of heterogeneous contestants. Intermediate information that suggests that a contest is decided early decreases total sabotage. Splitting contestants into favorites and underdogs reveals that both contestants sabotage the most if intermediate information about the score compensates for or decreases ex ante heterogeneity between the teams. However, engaging in sabotage does not pay off for the contestants. Copyright © 2015 John Wiley & Sons, Ltd.     

Commonality in liquidity and multilateral trading facilities

We use the introduction of two multilateral trading facilities (MTFs) to examine the impact of market fragmentation on commonality in liquidity. We find that the introduction of MTFs following the Markets in Financial Instruments Directive increases the comovement of stocks’ liquidity with MTF liquidity, while the comovement with the home market liquidity generally decreases. We also find that the higher the MTF trading volume or the number of MTFs trading a stock, the stronger the effect. Further, we find that the commonality in liquidity remains unchanged for a matched control sample of stocks that do not trade on MTFs.     

Does Moral Leadership Conflict With Organizational Innovation?

The current article explores the concept of moral leadership and the potential for conflict with organizational innovation. After exploring the organizational prioritization of profitability with the exclusion of moral and ethical implications, the article asserts that moral leadership need not be the center of conflict with organizational innovation. Instead, research reveals that moral leadership can serve to enhance, inspire, and provide the foundation needed for innovation. For this reason, organizations must strive to make the identification of ethical leadership as a priority and stakeholders must remain flexible while upholding ethical standards. Through enhanced moral leadership, organizations can achieve greater levels of innovative excellence and competitive advantage in the global economy.     

Igniting Passion and Possibilities Through the Arts: Conflict,Collaboration and Leadership Through Live Stage Performances

Leaders today require critical thinking skills and full awareness of the complexities of social and cultural interaction. These may be best taught through the liberal arts. This article examines the use of live dramatic stage performances for teaching and learning contemporary management and leadership lessons, highlighting the value of collaborating across traditional university boundaries through the use of the arts within the management curriculum. We describe the successful working relationships and our effective implementation model with cross‐campus colleagues and students in the theater department to integrate live stage plays into our core management and leadership coursework. Students and faculty from both domains have found the activity to be engaging, provocative, relevant, and valuable. A key finding from this work has been how malleable, smooth, and straightforward the process has been to successfully—and powerfully—integrate the arts and humanities directly into management education and leadership development.